London: +44 (0)20 7236 2601
St Albans: +44 (0)1727 869141
Rickmansworth: +44 (0) 1923 771010
Milton Keynes: +44 (0)1908 605552

Spending Review 2010 - George Osborne’s plans to cut public sector spending

“Public sector cuts could transform Britain’s not-for-profit second beyond recognition”
(Chris Priestley, partner in Withers charities)

Following the Spending Review 2010 George Osborne’s four year plan (2011/12-2014/15) aims to cut public sector spending by a substantial £81 billion. During 2008/9 a third of the income obtained by the charity sector was received from government funding. This is set to dramatically change with expected severe hits of up to £4.5 billion to their funding.

The areas of greatest significance to the charity sector will include:

    * A reduction in revenue grants to local authorities by 26% over the period.
    * Social housing funding cuts by 60%.
    * Local Government reduced by 27%.
    * Culture, media and sport reduced by 24%.



Date: 27th October, 2010
Author: Wendy Bambrick


Articles from this Author


Thinking of outsourcing your business? Want to know the key benefits on why you should outsource the financial func……

We are proud to be a sponsor of the Herts Show @hertscountyshow #HertsShow



For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole

Click here to follow us on LinkedIn